Piggly Wiggly Sales Had Six CD Players in Inventory on December

question 61

Multiple Choice

Piggly Wiggly Sales had six CD players in inventory on December 31. The players were purchased in November for $170. Price lists from Piggly Wiggly Sales' supplier indicate that the same CD player would now cost the company $168. The current sales price for each of the CD players is $320. Using the lower-of-cost-and-net-realizable-value rule, the ending inventory of CD players should be shown at:

• A)$1,008.
• B)$1,035.
• C)$1,020.
• D)$1,920.

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Definitions:

Air Pollution

The release of pollutants into the air that are detrimental to human health and the planet's ecosystems.

Urbanization

refers to the process by which towns and cities grow as populations move from rural to urban areas, often in search of better economic opportunities.

Triple Bottom Line

A company’s balance sheet according to profit, people, and the planet.

Environmental Impact

The effect of human activity on the natural environment, which can range from pollution and destruction of ecosystems to conservation and restoration efforts.